Intermediary cost and coexistence puzzle
DC Field | Value | Language |
---|---|---|
dc.contributor.author | Kim, Young Sik | - |
dc.contributor.author | Lee, Manjong | - |
dc.date.accessioned | 2021-09-06T15:15:23Z | - |
dc.date.available | 2021-09-06T15:15:23Z | - |
dc.date.created | 2021-06-15 | - |
dc.date.issued | 2012-10 | - |
dc.identifier.issn | 0165-1765 | - |
dc.identifier.uri | https://scholar.korea.ac.kr/handle/2021.sw.korea/107424 | - |
dc.description.abstract | The coexistence puzzle is explained via an interaction between intermediary cost and uncertainty with regards to consumption trade. If a trade opportunity as a buyer is more likely to arise, ex-ante net return on bond at the margin would be negative up to a certain amount of transactions and, therefore, agents are willing to hold money in the presence of an interest-bearing bond. (C) 2012 Elsevier B.V. All rights reserved. | - |
dc.language | English | - |
dc.language.iso | en | - |
dc.publisher | ELSEVIER SCIENCE SA | - |
dc.subject | NOMINAL BONDS | - |
dc.subject | MONEY | - |
dc.subject | POLICY | - |
dc.title | Intermediary cost and coexistence puzzle | - |
dc.type | Article | - |
dc.contributor.affiliatedAuthor | Lee, Manjong | - |
dc.identifier.doi | 10.1016/j.econlet.2012.04.103 | - |
dc.identifier.scopusid | 2-s2.0-84861409735 | - |
dc.identifier.wosid | 000309434600039 | - |
dc.identifier.bibliographicCitation | ECONOMICS LETTERS, v.117, no.1, pp.142 - 145 | - |
dc.relation.isPartOf | ECONOMICS LETTERS | - |
dc.citation.title | ECONOMICS LETTERS | - |
dc.citation.volume | 117 | - |
dc.citation.number | 1 | - |
dc.citation.startPage | 142 | - |
dc.citation.endPage | 145 | - |
dc.type.rims | ART | - |
dc.type.docType | Article | - |
dc.description.journalClass | 1 | - |
dc.description.journalRegisteredClass | ssci | - |
dc.description.journalRegisteredClass | scopus | - |
dc.relation.journalResearchArea | Business & Economics | - |
dc.relation.journalWebOfScienceCategory | Economics | - |
dc.subject.keywordPlus | NOMINAL BONDS | - |
dc.subject.keywordPlus | MONEY | - |
dc.subject.keywordPlus | POLICY | - |
dc.subject.keywordAuthor | Intermediary cost | - |
dc.subject.keywordAuthor | Interest-bearing asset | - |
dc.subject.keywordAuthor | Coexistence puzzle | - |
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